First Capital Bank Zimbabwe Limited


First Capital Bank Zimbabwe Limited, formerly known as Barclays Bank of Zimbabwe, is a commercial bank in Zimbabwe, licensed by the Reserve Bank of Zimbabwe, the central bank and national banking regulator.
The bank is a subsidiary of FMBCapital Holdings Plc, a financial services conglomerate, based in Mauritius with other subsidiaries in Botswana, Malawi, Mozambique, Zambia.

Location

The headquarters and main branch of the bank are located in Barclay House, at the corner of Jason Moyo Street and First Street, in downtown Harare, the largest city and capital of Zimbabwe. The geographical coordinates of the headquarters of First Capital Bank Zimbabwe are:17°49'50.0"S 31°02'59.0"E.

Overview

The bank is a large financial services provider in Zimbabwe, serving large corporations, small-to-medium enterprises, as well as individuals., its total asset base was valued at US$698,744,000, with shareholders' equity of US$116,503,000.

History

Barclays Bank Zimbabwe was established in 1912, and it operated continuously until 2018. As of October 2017, BBZ employed in excess of 700 permanent staff, in a commercial banking network of 26 branches in all large urban areas in the country. In October 2017, it was announced that First Merchant Bank Malawi had purchased a controlling interest in BBZ, for an undisclosed consideration. Under the terms of the sale, the bank was given permission to continue the use of the Barclays name for up to three years, before rebranding.
During the 2008–2012 time frame, the bank employed a maximum of 1,423 employees in January 2008, but the payroll was "rationalized" to about 700, by the time FMB Capital Holdings Plc acquired the bank.
In October 2018, the bank rebranded from Barclays Bank of Zimbabwe to First Capital Bank Zimbabwe Limited, to reflect its current shareholding.
In March 2019, the bank migrated from the Barclays banking system to a new IT banking system.

Ownership

First Capital Bank Zimbabwe Limited, is a subsidiary of FMB Capital Holdings Plc, a Mauritius-based financial services conglomerate, with subsidiaries in several Southern African countries, including Botswana, Malawi, Mozambique, Zambia, and Zimbabwe. The shares of stock of FCBZL are listed on the Zimbabwe Stock Exchange. The major shareholders in the bank are depicted in the table below, as of October 2017.

Branches

, First Capital Bank Zimbabwe Limited maintained a network of branches at the following locations.
  1. Agribusiness Branch: 2 Premium Close, Mt Pleasant, Harare
  2. Avondale Branch: King George Road, Avondale, Harare
  3. Beitbridge Branch: 348 Justia Road, Beitbridge
  4. Belmont Branch: 16 Plumtree Road, Belmont, Bulawayo
  5. Bindura Branch: 25 Main Street, Bindura
  6. Borrowdale Branch: TM Supermarket Complex, Borrowdale Road, Borrowdale, Harare
  7. Bulawayo Affluent Centre: 97A Robert Mugabe Way, Bulawayo
  8. Chinhoyi Branch: 5308 Magamba Way, Chinhoyi
  9. Chiredzi Branch: 57 Chilonga Drive, Chiredzi
  10. Corporate Banking Centre: Birmingham Road at Paisley Road, Southerton, Harare
  11. First Street Branch: Barclay House, Jason Moyo Street at First Street, Harare Main Branch
  12. Gokwe Branch: Stand 972 Gokwe Growth Point, Gokwe
  13. Gweru Branch: Main Street at Robert Mugabe Way, Gweru
  14. Harare Street Branch: 118 Harare Street, Harare
  15. Kadoma Branch: Stand 156, Herbert Chitepo Road, Kadoma
  16. Kwekwe Branch: 32 North Mandela Way, Kwekwe
  17. Main Street Branch: 100 Main Street, Bulawayo
  18. Marondera Branch: Hotel Street at The Green, Marondera
  19. Masvingo Branch: Robert Mugabe Street at Takawira Avenue, Masvingo
  20. Msasa Branch: 120–121 Mutare Road, Msasa, Harare
  21. Mutare Branch: 90 H. Chitepo Street, Mutare
  22. Pearl House Branch: First Street at Samora Machel Avenue, Harare.